I'm in the process of swapping over from my current residential mortgage to a Buy to Let Godiva Mortgages Ltd mortgage. I was told by my financial advisor that I need a solicitor for this. I got in contact with my past Petersham conveyancing firm who dealt with the legals when I originally bought the property. The costs illustration they've given of just over five hundred pounds has shocked me as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate fees appear a tad high. If you you were to look around you may be able to reduce the fees slightly by as much as a hundred pounds. On the other hand, if you were satisfied with the assistance the firm gave you maylive to rue opting for an an untested lawyer. Remember to ensure that the conveyancer can act for Godiva Mortgages Ltd. Do utilise our search tool to find a Petersham conveyancing firm on the Godiva Mortgages Ltd conveyancing panel, which can often include conveyancing solicitors in Petersham.
We note that you have a search directory listing firms on the Principality conveyancing panel. Do firms pay you a referral fee if I appoint them for our own conveyancing in Petersham?
We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Petersham.
Is there a search tool that I can utilise to investigate if the solicitor carrying out my conveyancing in Petersham is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Nationwide Building Society thus spending £175.00 in additional conveyancing charges.
Please do take advantage of the search tool on this web page. Please choose the lender and type ‘Petersham’ or your location and you will be presented with numerous conveyancers based in Petersham or nearest you.
It has been three months since my purchase conveyancing in Petersham took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey carried out on a house in Petersham prior to appointing conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies may refuse to issue a loan on this type of premises.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you e-mail us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Petersham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Petersham to see if the conveyancing will be more expensive.
I am a negotiator for a long established estate agent office in Petersham where we have experienced a few flat sales derailed due to leases having less than 80 years remaining. I have been given conflicting advice from local Petersham conveyancing firms. Could you clarify whether the seller of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I own a two-bedroom flat in Petersham. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the amount due for a lease extension?
Most certainly. We can put you in touch with a Petersham conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Petersham property is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case related to 1 flat. The unexpired residue of the current lease was 60.45 years.